It was a special day at Avellaneda. Racing Club celebrated its tenth anniversary of its last Argentine title in 2001. The club also unveiled its new president Gastón Cogorno and that would mean the arrival of outspoken character in coach Alfio "Coco" Basile.

The signing however has yet to be complete and will be delayed until the week. The agreement has been reached although the club confirmed the signatures of the both parties have been except for one of his staff collaborators.

Racing was quick to find a replacement for departed boss Diego Simeone who left and accepted the head coaching job at Atlético Madrid in Spain.

Many hinted Basile as the indicated successor for his fourth spell in charge of the club. Racing finished second in the recently completed Argentina Apertura season.

"I want to be a champion," Basile said, according to FIFA's website. 

For coach Basile, the salary of his fitness coach Carlos Dibos is very important, citing the reason for the delay in the contract agreement.

Another detail was whether former player Claudio Úbeda would join the technical staff along with Rubén Oswaldo Díaz and former goalkeeper Ignacio González who would be the goalkeeper coach.

The arrival of Alfio "Coco" Basile will be fundamental for Racing as it slipped from the title race in second spot to eventual winners Boca Juniors during the Apertura season. 

Basile is known to be a "star" with his "cultural show of words, phrases, superstitions, humour and perspective" with the game.

The 68-year-old Basile played for Racing from 1964-70 and started his coaching career in 1975 that led him to two stints in charge of Argentina, from 1991-94 and 2006-08.

Basile has also coached Boca Juniors and Vélez Sarsfield in Argentina, as well as Atlético Madrid, among many others. He previously coached Racing in 1978, and from 1986-89 and 1996-97.

No doubt, Basile will be subject of much more news in season 2012.